In a remarkable stride for Canadian fintech, Neo Financial has closed a CAD $360 million Series D funding round, one of the largest in the global fintech sector this year. The round, comprising CAD $110 million in equity and CAD $250 million in debt, features a star-studded roster of Canadian tech leaders, including Tobi Lütke, […]
Tech-driven logistics platform Flexport has acquired Shopify Logistics and its assets, including Deliverr for an undisclosed price, in a move to expand its global services into last mile and e-commerce fulfillment. Flexport claims that its technology makes it simple for companies to visualize, plan, and manage the flow of products from the manufacturer to the […]
Shopify acquisition of 6 River Systems : Canadian e-commerce company Shopify has agreed to acquire outstanding securities of US warehouse automation company 6 River Systems in a transaction valued at approximately US$450 million. The acquisition of 6 River Systems will add cloud-based software and collaborative mobile robots Chuck to the recently introduced Shopify Fulfillment Network. […]